Comprehensive Guide of Corporate Transparency Act for Small Businesses

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Government passes many laws every year to protect the integrity and ethics of businesses across the country. Most of which do not have filing requirements.   The Corporate Transparency Act, however, is one of the exceptions.   The Act came into effect on January 1, 2024. It requires small businesses to submit Beneficial Ownership Information or BOI […]

Understanding the Implications of the Recent Federal Court Decision on the Corporate Transparency Act for Businesses 

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This ruling, delivered by the Northern District of Alabama on March 1, 2024, has sparked discussions on congressional powers and its impact on businesses, particularly small businesses, across the nation. Despite this, it’s crucial for businesses to recognize that this decision marks the commencement of a potentially extended legal examination rather than an immediate change in compliance requirements. 

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